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Friday, 30 September 2016

Cosco eyes real estate development at Port of Piraeus

By A. Tsiblakis An ambitious plan to turn the port of Piraeus into a “Maritime City”, a project proposed almost a decade ago but abandoned abruptly amid the economic collapse…

Athens working on compromise position for reduced primary budget surplus targets after 2018

The Greek government is reportedly working on a medium term economic program for the 2017-2020 period that features a compromise in terms of a primary budget surplus target after 2018,…

Thursday, 29 September 2016

Erdogan: Turkey gave away Aegean islands in 1923

Turkish President Recep Tayyip Erdogan took a direct swipe at the Turkish republic’s Kemalist lineage on Thursday, and by extension engaged in an eyebrow-raising exercise in revisionist history. “We gave…

Govt cites two new ‘strategic’ tourism investments

The relevant economy and development ministry on Thursday said it has approved two “strategic” tourism investment plans, one for a new resort in the town of Karystos, which lies on…

Cosco-run Piraeus Port Authority issues tender to remove sunken vessel from Piraeus zone

By L. Karageorgos The Piraeus Port Authority (OLP) this week announced an international tender to remove a well-known shipwreck that constitutes a maritime risk within the coastal zone that falls…

EWG to focus on Athens’ implementation of ‘prior actions’; Greek side confident of next bailout tranche

By N. Bellos The EuroWorking Group will directly focus on Athens’ recent progress to implement 15 “prior actions” demanded by institutional creditors, during a meeting in the Belgian capital later…

Israeli energy minister says natgas pipeline directly to Greece a ‘significant’ option

By Vassilis Kostoulas [email protected] Israeli energy minister Yuval Steinitz told reporters in Athens this week that recent seismic research shows that quantities of natural gas in Israel’s offshore economic zone have…

Greek hoteliers’ president: Little or no prospects for further tourism growth in 2017

The president of Greece’s hotelier’s federation, Yiannis Retsos, on Wednesday warned of “non-existent prospects” for further growth in the country’s all-important tourism sector in 2017.  Retsos, who said he remains…

Wednesday, 28 September 2016

Long-awaited land registry in Greece apparently heading into final stretch of completion

By T. Igoumenidi A new impetus to finally complete a unified and functional land registry (cadastre) in Greece coincides with the World Bank’s involvement in the long-delayed project. A new…

Civil aviation authority workers’ union cancels strike

A union representing the state-run civil aviation authority’s employees called off a strike scheduled for Thursday, after a meeting with the relevant minister on Wednesday night.  The union had called…

Agreement for Marinopoulos rescue plan, merger posted on website; court approval pending

An agreement aimed at rescuing the troubled Marinopoulos super market group, via a merger with rival Sklavenitis, was signed late Wednesday evening, with the relevant text posted on a website.…

OPAP agreement with Inspired for new betting games

Greece’s listed sports betting games and lottery operator, OPAP, on Wednesday announced an agreement with the firm Inspired to inaugurate several new virtual betting games, both in the OPAP-affiliated betting…

Four Pakistani teens charged with raping compatriot at Lesvos ‘hot spot’

Restrictions, but not an outright remand, were slapped against four Pakistani juveniles accused of raping an underage compatriot at a “hot spot” on the eastern Aegean island of Lesvos. The…

Industrial action cancels domestic flights in Greece on Thursday, Friday

Aegean and its affiliated Olympic Air on Wednesday announced flight cancellations for Thursday and Friday, Sept. 29 and 30, respectively, due to a strike called by the union representing employees…

High court rules against motions by nat’l broadcasters

Several motions by current television broadcasters in the country requesting injunctions against a recently held auction for national broadcast licenses were rejected by the Council of State, Greece’s highest administrative…

Crucial 4-month period will show whether Greek treasury meets 2016 revenue targets

By G. Kouros Arrears to the Greek state continued to increase at a record-setting pace this year, reaching the stratospheric figure of 91.6 billion euros between the January-August 2016 period.…

Cosco completes new cruise ship pier at port of Piraeus in 75 days

By A. Tsiblakis Cosco’s management at the Piraeus Port Authority (OLP) this week announced the completion of a new pier to service cruise ships, specifically at the Aghios Nikolaos site…

Tuesday, 27 September 2016

One-month extension in talks between Athens, Socar for sale of Greek natgas grid operator

Azerbaijan energy leader Socar on Tuesday said it was extending a letter of guarantee to purchase a majority stake of Greek natgas grid operator DESFA by one month, following a…

Athens FIR violations by Turkish warplanes reported

Greek military sources on Tuesday said a formation of four Turkish warplanes entered the Athens FIR at 2:33 p.m. (12.33 GMT) between the eastern Aegean islands of Lesvos and Hios…

BoG report on Aug. 2016 credit situation in private sector

The Bank of Greece on Tuesday released figures for the domestic private sector August 2016, which showed a slight worsening of the situation, month on month, amid an already tenuous…

Commission OKs Athens’ candidates for regulatory board of new super privatization fund

By N. Bellos The EU Commission has approved the candidates proposed by the Greek government for the regulatory board of a new “super privatization fund”, with the selection of the…

MoC signed between Athens Chamber (EBEA) and Israeli federation

A MoC was signed in on Tuesday between the Athens Chamber of Commerce & Industry (EBEA) and Israel’s Federation of Chambers of Commerce (FICC), during the framework of an official…

Greece’s 2017 ambitious budget to include GDP growth target of 2.7%, 1.75% primary budget surplus

Another round of tax hikes and spending cuts, lumped together, are projected to reach 2.3 billion euros for 2017, according to information released ahead of the submission of the 2017…

New ‘super fund’ for Greek social security system eyes 39.1 bln€ in annual obligations

By S. Papapetros A new “supra fund” set to dominate in Greece’s social security system will apparently begin operation with a deficit of 1.1 billion euros, according to the budget…

Monday, 26 September 2016

15 ‘prior actions’ tabled by Greek govt on Monday detailed

The 15 “prior actions” tabled by the Greek government in an omnibus draft bill on Monday, as part of the third memorandum, are as follows: 1. Tax breaks A review…

Dombrovskis: Austerity in Greece worsened by govt’s populism in 2015

European Commission Vice-President Valdis Dombrovskis on Monday referred directly to a “populist” policy by what he called a Greek left-wing government under Alexis Tsipras as exacerbating austerity in the crisis-plagued…

FinMin: SYRIZA govt not interested in selling off water utilities

The relevant finance minister on Monday, speaking before a Parliament committee, denied that the government was interested in selling off the Athens and Thessaloniki water and sewerage utilities, EYDAP and…

FW: Law mandates that Greek taxpayers declare all assets, including cash, jewelry and artwork

Taxpayers in Greece will, after Oct. 1, 2016, must declare all of their movable and immovable assets, including cash stashed in homes, valuable coins, art works valued more than 30,000…

Govt rejects request by TV license winner for extra 48 hours in order to pay first installment

A request for a 48-hour extension of a deadline to pay the first installment by one of the four winners of an auction for the same-number of national broadcast licenses…

Govt denies it relinquished right of borrowers to buyoff loan before distress funds sale

The latest political furor that erupted in the country over the weekend involved the pressing issue of non-performing loans (NPLs), with the government rejecting sharp criticism that it relinquished the…